We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

HMRC Simple Assessment

2»

Comments

  • poseidon1 said:
    I don’t think you fully understand how tax works.
    But in all fairness to the OP, neither does the majority of the working population.

    Those who take time and effort to research and understand the system are a small minority. I am still amazed at the  misapprehension held by some people,  that moving  into higher rate tax means one's entire income is taxed at 40% or above.
    Exactly that. Tax is a complex animal. Millions don't
    understand the full workings of this, anything for that matter.

    People post here to seek help/advice/guidance/recommendations and 
    99.9% will then add a bit more of their own research to reach their
    goal, having a better grasp on this.

    My tax returns does my head in, I just pay, and this year, I noted the 
    tax people owned me money when I logged into the self-assessment.
    As I said, tax is a very complex animal and even
    Accountants can seek advice
    Tax can get very complex but thinking you should be earning 44k on PAYE then take as many pension withdrawals as you like and only be charged at 20% demonstrates a lack of awareness of even the basics.
    Are you saying that what is "basics" to you means it's
    basic for everyone else?  If so, then I have nothing else to add
    as most of the others will be aware that this is not the case.
    As I said, tax is a complex animal and nothing "basics" about it to
    many.
  • brewerdave
    brewerdave Posts: 8,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    HMRC " Simple" Assessment ? I think not !!
  • DRS1
    DRS1 Posts: 1,847 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    HMRC " Simple" Assessment ? I think not !!
    There speaks a man who has never had to do a self assessment tax return.

    And for the record when they started sending me Simple Assessments as well I had exactly the same reaction as you.  They were trying to tax me twice on the same income.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.